NOT LISTED FOR SALE

Estimated Value: $7,881,000

6 Beds
8.5 Baths
9,659 Sq Ft
$816/Sq Ft Est. Value

Last Sold August 01, 2014

Last sale price $16,000,000 $1,656 Per Sq Ft

Current estimated payment $50,822/month

286 Days on Market

Highlights

  • Property has ocean access
  • Deeded Boat Dock
  • Property Fronts a Bay or Harbor
  • North Beach Elementary School Rated A-
  • Boat Lift
  • Home Theater

About This Home

As of August 2014

Rare example of Florida Regency with English and Bahamian influences. This is a classic, elegant, one of a kind estate. Original home to Cuban Sugar King. This Lexicon in style has no rival for quality and detail. Impeccable grounds, all tile saline pool and outdoor tub and shower, superb dockage for two large boats. Elevator, generator. Huge handsome library/den seldom seen in a private home. All new on guarded island walking distance to world renown South Beach. QUALIFIED BUYERS ONLY!

Last Agent to Sell the Property

Jeri Jenkins

Coldwell Banker Realty License #0315440 Listed on: 08/13/2013

Coldwell Banker Realty

Last Buyer's Agent

Jill Hertzberg

Coldwell Banker Realty License #0551544

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $83,539

Year Built

  • Built in 1939

Lot Details

  • 0.8 Acre Lot
  • 150 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • West Facing Home
  • Fenced
  • Property is zoned 21/EST 1

Parking

  • 3 Car Attached Garage
  • Circular Driveway
  • Open Parking

Home Design

  • Mediterranean Architecture
  • Flat Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 9,659 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Formal Dining Room
  • Home Theater
  • Den
  • Sun or Florida Room
  • Terrazzo Flooring
  • Property Views

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Seawall
  • Boat Lift
  • Deeded Boat Dock
  • Balcony
  • Patio
  • Exterior Lighting
  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Sunset Lake Ext Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-27-010-0110

Home Details

Home Type

Single Family

Est. Annual Taxes

$83,539

Year Built

Built in 1939

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1939
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story, Mediterranean
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boatlift,Deeded Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: SUNSET LAKE EXT
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Gas Range, Refrigerator, Washer
  • Interior Amenities: Bar, Built-in Features, Closet Cabinetry, Entrance Foyer, French Doors, Walk-In Closet(s), Den/Library/Office, Florida Room, Media Room
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Terrazzo
  • Furnished: Unfurnished
  • Living Area: 9659
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Primary Bedroom Upstairs
  • Dining Room Features: Formal Dining
  • Living Room Features: Den/Library/Office, Florida Room, Media Room

Exterior Features

  • Roof: Flat Tile
  • View: Other
  • Exterior Features: Lighting, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: West
  • Fencing: Fenced
  • Lot Features: Other Lot Description
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, No Fixed Bridges, Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: SUNSET LAKE EXT
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Covered

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-27-010-0110
  • Lot Size Sq Ft: 34650
  • Zoning: 21/EST 1
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 83539

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2013
Closed on
Jul 16, 2014
Sold by
Blount Joseph W
Bought by
Yulman Richard
Seller's Agent
Jeri Jenkins
Coldwell Banker Realty
Buyer's Agent
Jill Hertzberg
Coldwell Banker Realty
List Price
$18,900,000
Sold Price
$16,000,000
Premium/Discount to List
-$2,900,000
-15.34%
Current Estimated Value
$7,881,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,119,000
Avg. Annual Appreciation
-8.08%

Purchase Details

Closed on
Mar 31, 2010
Sold by
Reynolds Craig A
Bought by
Blount Joseph W

Purchase Details

Closed on
Jun 22, 2007
Sold by
Blount Joseph W
Bought by
Reynolds Craig A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.63%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 19, 2005
Sold by
Blount Joseph W
Bought by
Blount Joseph W

Purchase Details

Closed on
Jun 8, 2004
Sold by
Dubrow Neil C and Dubrow Caron Cherry
Bought by
Blount Joseph W
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yulman Richard $160,000 Attorney
Blount Joseph W $360,000 Attorney
Reynolds Craig A $800,000 Attorney
Blount Joseph W -- --
Blount Joseph W $5,550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blount Joseph W $4,500,000
Previous Owner Reynolds Craig A $800,000
Previous Owner Dubrow Neli C $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2014 08/01/14 Sold $16,000,000 -15.3% $1,656 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
08/13/2013 08/13/13 For Sale $18,900,000 -- $1,957 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $242,394 $13,315,761 -- --
2024 $236,633 $12,940,487 -- --
2023 $236,633 $12,563,580 $0 $0
2022 $228,411 $12,197,651 $0 $0
2021 $227,864 $11,842,380 $9,875,250 $1,967,130
2020 $225,479 $11,687,694 $9,702,000 $1,985,694
2019 $226,186 $11,712,796 $9,702,000 $2,010,796
2018 $207,039 $11,852,390 $0 $0
2017 $205,231 $11,608,610 $0 $0
2016 $205,029 $11,369,844 $0 $0
2015 $217,249 $11,790,809 $0 $0
2014 $99,446 $5,680,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MIAMI REALTORS® MLS

MLS Number: A1828123

MIAMI REALTORS® MLS

APN: 02-3227-010-0110